MISSIMAHU 2 is a group composed of three persons who belong to the same artisans association. The group's representative, Jérémie (whose hand is raised in the photo), is 37 years old and married to a merchant named Nathalie. The couple have four children, some in school but all in their care. Among the children, three are their own. Jérémie lives together with his wife and children. Along with her, he ensures that the household expenses are covered.
Jérémie did not attend school, but he learned how to weld. It is work that he has been doing for about ten years in a city in Benin. This business enables him to cope with his various needs and to feed his family. He gets his supplies from a city in Benin.
With the goal of responding better to the requirements of his burgeoning customer base and making more profit, Jérémie is requesting, along with the other members of the group MISSIMAHU 2, an initial loan from ALIDé.
MISSIMAHU 2 est un groupe composé de trois personnes qui appartiennent à un même groupe d’artisans. Le représentant du groupe du nom de Jérémie (dont la main est levée sur la photo), est âgé de 37 ans. Jérémie est marié à une marchande du nom de Nathalie. Le couple a quatre enfants dont certains scolarisés et tous à leur charge. Parmi les enfants, trois sont leurs propres enfants. Jérémie vit ensemble avec sa femme et ses enfants. Jérémie assure ensemble avec sa femme les charges de la maison. Jérémie n’a pas fréquenté l’école, mais a appris la soudure, activité qu'il mène depuis une dizaine d'année dans une ville du Bénin. Cette activité permet à Jérémie de faire face à ses différents besoins et de nourrir sa famille. Jérémie s’approvisionne dans une ville du Bénin. Dans le but de mieux répondre aux exigences de sa clientèle de plus en plus nombreuses et de se faire plus de profit, Jérémie sollicite, ensemble avec les autres membres du groupe MISSIMAHU 2, un premier crédit auprès de ALIDé.
Alidé is a Beninese NGO that works to reduce poverty by offering sustainable access to productive loans like this one in addition to savings, training sessions, and social work to low-income families.
Supporters of this loan should be aware that there is some risk of being repaid late. Because the Beninois Ministry of Finance has imposed restrictions on the amount of money Alidé can send to Kiva, the organization can only send monthly repayments in installments smaller than $13,000. This means that some Kiva lenders may receive their repayments late. However, Alidé remains a healthy institution in good standing with its creditors, and Kiva would like to continue working to support its clients. For more information, please refer to Alidé's partner profile page.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.